system solutions provider stock-MOTHERSUMI corrective move tgt 273-260

MOTHERSUMI future chart Motherson Sumi Systems Limited stock is trading at 279 with 4% loss for the day. Stock yesterday achieved it upside tgt of 294 and now heading for major correction for this series.     On downside, MOTHERSUMI stock has support zones around 273 and then 260. These will be tgt zones for this corrective move. On upside 294 remain as top and strong resistance.     Future traders keep sell on rise view for tgt 273 and then 260. Option traders can buy MOTHERSUMI 280 put options on decline.

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Pramod Baviskar

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